Annual Return: 8.00%
Min-invest Amount: $10,000
|Fund Type||Private Equity Fund|
|Estimated Return||7.75% - 8.00% Annualized Return|
|Investment Type||First Lien Mortgage|
|Unit Price||$10,000 / Subscription Unit|
|Offering Date||November 2022|
|Investment Timeline||12 -24 Months|
|Dividend Schedule||Prepaid per 6 Months|
*1 7.75% Annualized Return For Investment of 1-19 Units;
8.00% Annualized Return for investment above 20 Units;
*2 Investors will receive at least 12 months of dividend. After 12 months, dividend will be accrued based on number of days till the principle is repaid;
*3 Investors will receive prepaid dividend every 6 months.
|Address||4929 Annadale Lane, Little Neck, NY, 11362|
|Area||Little Neck, Queens, NY|
|Lot Area||15,795 Square feet|
|Building Area||5,000 Square feet|
|Estimated TCO||Forth Quarter of 2023|
|Expected Dividend Calendar|
|Round of Dividend||Dividend Date *1||Counting Date||Ending Date||Dividend Period||Notes|
|First||No Later than|
|11/15/2022||5/14/2023||6 Months||Prepaid Dividend*1|
|Second||No Later than|
|5/15/2023||11/14/2023||6 Months||Prepaid Dividend*2|
|Third||No Later than|
|11/15/2023||5/14/2024||6 Months||Extension Option Owned by Developer *3|
|Forth||No Later than|
|5/15/2024||11/14/2024||6 Months||Extension Option Owned by Developer *3|
*1 In case of holidays and non-working days, the dividend date will be automatically postponed to the next working day;
*2 Investors will receive at least 6 months of dividend. After 6 months, dividend will accrue in terms of days until Developer repays the loan;
*3 Developer has 2 extension rights. If Developer chooses to exercise the first extension option, investors will receive 6 months worth of prepaid dividend.
|First Lien Mortgage Loan Originated from CrowdFunz Fund 618||$1,200,000.00||43.64%|
|Developer Equity Contribution||$1,550,000.00||56.36%|
|Zip Code 11362|
|College Education or Above||91.3%|
|Family Median Income||$92,212|
|Average Family Size||3.17|
|Buy House to Own||79%|
Little Neck is located between Bayside and Long Island and offers convenient transportation to Long Island and Manhattan. In the past decade, area had developed retail stores and restaurants catered to Asian consumers.
Residents have average age of 42.7 years old and diverse residents, with 45.7% Caucasian, 42.14% Asian, and 2.35% African American. Families have stable middle-class income.
Neighborhood has stable and thriving economy, and the residents have high level of discretionary spending and high spending demands. The average family annual income is around $92,000.
* Source: Point 2 Homes，UnitedStatesZipCodes.com, and Esri.com.
Project is in Little Neck’s prime neighborhood. Site is 5-min walk and 5-min drive way from M/R train and LIRR stations, respectively. Driving to Midtown, Manhattan, would take approximately 25 minutes. Project is also nearby 495 Highway and Northern Blvd. Driving to JFK or LGA Airports takes 20 minutes. Area provides inclusive living facilitates, including Shopping malls, hospitals, police stations, banks, and schools.
Neighborhood has above-average and highly competitive education resources. According to Great Schools, the school district has PS94 and PS221 that are scored 10 and 9.
Project’s neighborhood offers restaurants of different cuisines and shopping malls. In addition, area is nearby banks, hospitals, gyms, and other living facilities.
Little Neck has library, science and art museums, and is close to U.S. Open Tennis stadiums located in Flushing. The area is suitable for families with children.
Developer Company: Great Stone General Construction Corp.
Developer Website: https://www.greatstoneny.com/
Starting off from brokerage, CKZ Realty has over 18 years of real estate development experience.
Its first development in Elmhurst in 2002 was a huge commercial success. Since then, Developer has been established its name and reputation among Chinese developers and has accomplished multiple well-known projects.